Author Archive

68% of REALTORS® Continue to Report Rising Prices

Home prices are still broadly rising. Approximately 68 percent percent of REALTOR® respondents reported that the price of their “average home transaction” is higher today compared to a year ago (same as in May), according to data from the...

Unemployment Insurance Claims

Initial claims for unemployment insurance filed under the regular state programs during the week ended August 9 rose to 311,000, an increase of 21,000 from the previous week’s level. The trend has generally been downward so the spike may...

Properties Typically Sold Within 44 Days in June 2014

With home inventories limited relative to demand, properties were reported as selling faster for the sixth straight month, typically at 44 days (47 days in May) [1], according to the June 2014 REALTORS® Confidence Index. Short sales were on...

REALTORS® Expect Modest Price Growth in Next 12 Months, Based on June 2014 REALTOR® Survey

REALTORS® generally expect home prices to increase in all states and the District of Columbia over the next 12 months, according to the June 2014 REALTORS® Confidence Index. The median expected price increase is 3.6 percent [1]. Expected price...

Distressed Sales Still on the Downtrend: 11 Percent of Sales in June 2014

With rising home values and fewer foreclosures, the share of distressed sales to total residential sales continues to be on the downtrend, according to the June 2014 REALTORS® Confidence Index. Distressed sales accounted for 11 percent of sales in...